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Exploring the stars

Tanja Nechet

News editor

Apr 10, 2024 at 05:18

Greetings, cosmic cryptonauts! Join us in uncovering the latest adventures and discoveries.

🩸 Solana will be fixed as early as April 15 

Developers plan to introduce the fix only on April 15, but may still postpone the date to test upcoming updates. 

A recent bug has led to a sharp increase in the number of failures in the Solana network: more than 75% of non-voting transactions failed. According to the team, the failures were caused by an “implementation error” in Solana’s use of the QUIC protocol.

Transaction failures on Solana peaked on April 4 amid frenzied memecoin activity.

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📯 VanEck’s CEO called the approval of spot Ethereum-ETFs in May unlikely

VanEck CEO Jan van Eck called the approval of spot Ethereum-ETFs in May this year unlikely. 

He said that the US Securities and Exchange Commission (SEC) is not responding to applications from potential issuers.

🦹‍♂️ Chinese businessman kidnapped for $15M ransom in BTC

A 30-year-old businessman from China, Dylan Huang, was kidnapped from a golf course in Hertfordshire, UK, demanding a ransom of $15M in bitcoins.

The kidnapping took place last October while Huang was playing golf with his assistant and two other women. The five assailants ambushed the victim, sprayed an unknown substance into his eyes, and then took the businessman away. 

The businessman was put a bag over his head and his hands and feet were handcuffed. He was placed in a cage and held for about 30 hours. 

Juan tried to borrow money from his friends, as he could not afford to pay such a sum at once. As a result, he was thrown out of a car in the county of Surrey. 

The investigation into this case is ongoing. One suspect has already been arrested, who denies the charges of conspiracy and kidnapping.

🔼 Update from Karak Network

Karak Network is an EVM-based L2 blockchain that aims to implement AI and improve security through risk management. The project is being built by Andalusia Labs, formerly known as RiskHarbor. The project has raised $51.25M in funding. The team recently announced an update to their platform, adding Arbitrum, Karak, and Ethereum-enabled restacking pools.

If you have previously thrown liquidity into the protocol, you have to send it to the restacking pool.

If you haven’t interacted with the platform yet, register on the site, look for an invitation code in the project’s Discord, without which you will not be allowed, and restake tokens to farm XP.

Withdrawing from the platform before the beta is complete will result in a complete loss of XP.

☠ dydx was dead

The dYdX blockchain stopped the other day due to a bug after a scheduled v4.0.0 update. The network was down for a few hours, after which it was successfully restarted. The glitch did not have a significant impact on the DYDX token quotes. 

🔑 Key crypto market highlights (April 10-17)

💲 Ideas

[1] 🔔 Tensor drop checker

Tensor has launched $TNSR verification and tokenization. Verify and tokenize the drop will be available on this page until October 5, 2024.

There will be a total of $1B TNSR:

  • 55% allocated to the community, of which 12.5% to the initial drop (for those who traded on the Marketplace and looted boxes and NFT holders of Tensorian collection);
  • 27% to contributors;
  • 9% to investors and enablers;
  • 9% for future fees and project development.

[2] 🔔 XRP is at a fork

According to Maximilian_FX’s analysis, XRP cryptocurrency has broken out of its bearish channel, leading to impressive growth. At the time of writing, the cryptocurrency is trading below the 0.6250 and 0.6255 milestones. 

Despite the recent drop, XRP still shows strong buying pressure over the past few days.

The strategy of buying on dips has already been discussed recently, it is worth noting that the support zone on breaking 0.6000 will act as a catalyst for the coin. If buyers hold this zone, the token could grow even stronger, while a correction below this level could test nearby support levels before further growth. XRP is expected to reach the levels of 0.6255 and 0.6555. 

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 Activities on the Venom Network

The Venom Network is a Layer-2 blockchain that promises to provide fast, secure, and scalable transactions. Recently, Venom has launched the first season of mainnet quests with a prize pool of 10,000,000 VENOM. The first season ends in May.

The reward claymation will be available after the campaign ends. The deadline for the first phase is April 11.

To participate, go to the portal and complete the available tasks.

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